College of Accountancy and Finance

LAW ON OBLIGATIONS AND CONTRACTS

1st Semester SY 2019-2020
Atty. Gary Camitan Aure, MPA, CSP

OBLIGATIONS

I. Definition and General Provisions

II. Sources and their Concepts
A. Law
B. Contracts
C. Quasi-contracts
D. Delicts
E. Quasi-delicts
III. Kinds in general
IV. Specific Circumstances affecting Obligations in general
A. Fortuitous events
B. Fraud
C. Negligence
D. Delay
E. Breach of Contract
V. Duties of Obligor in Obligation to do or not to do
VI. Extinguishment of Obligation which special emphasis on
A. Payment of debts of money
B. Mercantile documents as means of payment
C. Special forms or modes of payment
D. Remission or condonation, confusion, compensation and novation
E. Effect of insolvency and bankruptcy